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(Reuters) - Bill Gross, the co-founder and co-chief investment officer of Pacific Investment Management Co, has accused departing CEO Mohamed El-Erian of seeking to "undermine" him by talking to The Wall Street Journal about deepening tensions between the two executives who have been jointly running the world's largest bond house.

Portland Region January Home Sales Portland-area homes sold at the fastest pace for a January in seven years amid robust investor purchases and sales gains for mid- to high-end houses as well as resale condos. The median sale price rose year-over-year for the 23rd consecutive month, though the 8.5 percent annual increase was the smallest in more than a year, a real estate information service reported. A total of 2,045 new and resale houses and condos closed escrow during January in the five-county Portland-Vancouver-Beaverton metro area. Sales fell 23.2 percent from the prior month and rose 3.1 percent from a year earlier, according to San Diego-based DataQuick. The firm tracks real estate trends nationally via public property records. A sharp sales drop between December and January is normal for the season. On average, sales between those two months have fallen 18.7 percent since 1994, when DataQuick's complete Portland-area statistics begin. Although January's sales tally was the highest for that month since 2007, it was 16.2 percent short of the average sales total for all months of January since 1994. Sales of existing (not new) single-family detached houses were 15.2 percent below the historical January average, while new-home sales were 37.7 percent below average. January's condo resales, which rose 14.7 percent from a year earlier, were 48.1 percent above the January average. Investors continued to play a significant role in the Portland-area market. Absentee buyers - mostly investors and some second-home buyers - purchased 29.4 percent of all homes sold in January, up from 28.8 percent the prior month and 28.3 percent a year earlier. The monthly average for absentee purchases since January 2000 is 19.7 percent. Sales of mid- to high-end homes continued to rise year-over-year, while lower-cost deals declined. January sales below $200,000 dropped 37.7 percent from a year earlier, while sales below $300,000 fell 22.7 percent. January home sales above...

Nationally, asking home prices rose 10.4% year-over-year in February 2014, down slightly after peaking in November 2013. But the year-over-year change is an average of the past twelve months and therefore obscures the most recent trends in prices. Looking at quarter-over-quarter changes instead, it's clear that price gains have been slowing for most of the last year: asking home prices rose just 1.9% in February - a rate similar to those recorded in January and December - compared with increases near 2.5% from July 2013 to November 2013 and over 3% from April 2013 to June 2013. The quarter-over-quarter change in asking prices topped out at 3.5% in April 2013 and now, at 1.9%, the increase is just over half of that peak.

John L. Culhane, Jr. The CFPB will be publishing a notice in tomorrow&#8217;s Federal Register indicating that it plans to seek approval from the Office of Management and Budget &#8220;to conduct a mail survey of consumers to learn about their experiences interacting with the debt collection industry.&#8221; According to the notice, the survey will ask consumers about: their experiences with... More &#62;

With a jobs report Friday that's likely to again be tarnished by the weather, there's little indication that it will threaten the bull market for stocks or cause substantial disruption in other markets, strategists say.

WASHINGTON (MarketWatch) -- Congress's lack of progress on reforming the U.S. housing-finance system shouldn't be "an excuse" to delay rebuilding the market for private-label mortgage securities, a senior U.S. Treasury Department official said Thursday. "Many investors have told us that they can and want to take mortgage credit risk," said Michael Stegman, housing-finance counselor to the Treasury secretary, in prepared remarks at a research conference in New York. Adding simplicity and transparency is a key first step, he said. "To get back to an efficient, responsible, and sustainable level of complexity, and to rebuild trust, the new issue non-agency market must first follow a path of greater standardization and transparency," Stegman said. Federally controlled mortgage buyers Fannie Mae and Freddie Mac have been in a conservatorship since 2008, an arrangement that has lingered with U.S. lawmakers disagreed over the appropriate role for government in housing finance.

Deutsche Bank Sells First Homeowner Energy-Efficiency Securities Bloomberg Deutsche Bank AG sold the first securities backed by bonds tied to U.S. energy-saving projects in a deal that follows a federal agency&#39;s objections to the underlying homeowner borrowing. The Western Riverside Council of Governments in California issued&nbsp; ...

(Reuters) - The U.S. economic outlook would have to change substantially for the Federal Reserve to alter the pace at which it is winding down asset purchases, a top U.S. central banker said on Thursday.

Draghi Says Inflation to Accelerate as Low ECB Rates Affirmed Bloomberg Mario Draghi said that inflation in the euro region will accelerate over the next 2 1/2 years, signaling that deflation risks facing the economy may abate. President Draghi, who presented new economic and inflation projections today, also reiterated the&nbsp; ... and more&nbsp;&raquo;

WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell more than expected and hit a three-month low last week, a sign of strength in a labor market that has been hobbled by severe weather.

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